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Ed Miliband promises to scrap non-dom status – our response

Press Releases and Commentary, Taxation of Nondoms

Let’s imagine a state with only 25 people living in it. Say they collectively agree to let a wealthy foreign taxpayer join them, thereby reducing their collective tax burden by half. Let’s say that the foreign taxpayer pays proportionately less than the state’s wealthiest citizens, but less than he would normally pay in the state…

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Essential Tax Update on Budget 2015 for our international clients

Property Holding Structures, Tax Updates, Taxation of Nondoms

An essential update for foreign domiciliaries and their advisers On 18th March George Osborne revealed his 6th and final Budget before the General Election. On the whole, there were few significant changes in personal taxation for the moderately well off.  The Chancellor set the tone when he said that the top 1% of earners will now…

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Mark Davies suggests that non-doms should be encouraged in a letter to Financial Times

Press Releases and Commentary, Taxation of Nondoms

Sir, I am surprised at the recent criticism of the “non-domicile” tax regime. My recent Freedom of Information request to HM Revenue & Customs revealed that there were only 110,700 non-doms in the tax year 2012-13 (the most recently available figures). Of these, 64,000 paid tax on their worldwide income and gains, with only 46,700…

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